CARRIER GLOBAL CORP (CARR) Fundamental Analysis & Valuation

NYSE:CARR • US14448C1045

Current stock price

54.25 USD
-0.42 (-0.77%)
At close:
54.75 USD
+0.5 (+0.92%)
Pre-Market:

This CARR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. CARR Profitability Analysis

1.1 Basic Checks

  • CARR had positive earnings in the past year.
  • In the past year CARR had a positive cash flow from operations.
  • CARR had positive earnings in each of the past 5 years.
  • In the past 5 years CARR always reported a positive cash flow from operatings.
CARR Yearly Net Income VS EBIT VS OCF VS FCFCARR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • CARR has a Return On Assets of 3.99%. This is comparable to the rest of the industry: CARR outperforms 47.62% of its industry peers.
  • The Return On Equity of CARR (10.75%) is comparable to the rest of the industry.
  • The Return On Invested Capital of CARR (5.06%) is worse than 69.05% of its industry peers.
  • CARR had an Average Return On Invested Capital over the past 3 years of 5.56%. This is significantly below the industry average of 11.89%.
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROIC 5.06%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
CARR Yearly ROA, ROE, ROICCARR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • CARR has a Profit Margin of 6.82%. This is comparable to the rest of the industry: CARR outperforms 57.14% of its industry peers.
  • In the last couple of years the Profit Margin of CARR has declined.
  • CARR has a Operating Margin (10.01%) which is comparable to the rest of the industry.
  • CARR's Operating Margin has declined in the last couple of years.
  • CARR has a Gross Margin of 26.05%. This is in the lower half of the industry: CARR underperforms 64.29% of its industry peers.
  • In the last couple of years the Gross Margin of CARR has declined.
Industry RankSector Rank
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
CARR Yearly Profit, Operating, Gross MarginsCARR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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3

2. CARR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CARR is destroying value.
  • CARR has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CARR has less shares outstanding
  • The debt/assets ratio for CARR has been reduced compared to a year ago.
CARR Yearly Shares OutstandingCARR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
CARR Yearly Total Debt VS Total AssetsCARR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • CARR has an Altman-Z score of 2.45. This is not the best score and indicates that CARR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • CARR's Altman-Z score of 2.45 is on the low side compared to the rest of the industry. CARR is outperformed by 61.90% of its industry peers.
  • The Debt to FCF ratio of CARR is 5.65, which is a neutral value as it means it would take CARR, 5.65 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 5.65, CARR perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
  • CARR has a Debt/Equity ratio of 0.82. This is a neutral value indicating CARR is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.82, CARR is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Altman-Z 2.45
ROIC/WACC0.53
WACC9.59%
CARR Yearly LT Debt VS Equity VS FCFCARR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

  • A Current Ratio of 1.20 indicates that CARR should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.20, CARR is not doing good in the industry: 88.10% of the companies in the same industry are doing better.
  • CARR has a Quick Ratio of 1.20. This is a bad value and indicates that CARR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.85, CARR is not doing good in the industry: 80.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.85
CARR Yearly Current Assets VS Current LiabilitesCARR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. CARR Growth Analysis

3.1 Past

  • The earnings per share for CARR have decreased by -7.86% in the last year.
  • Measured over the past years, CARR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.22% on average per year.
  • CARR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.14%.
  • CARR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.49% yearly.
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%

3.2 Future

  • CARR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.99% yearly.
  • Based on estimates for the next years, CARR will show a small growth in Revenue. The Revenue will grow by 6.95% on average per year.
EPS Next Y10.4%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
EPS Next 5Y15.99%
Revenue Next Year0.33%
Revenue Next 2Y2.78%
Revenue Next 3Y3.68%
Revenue Next 5Y6.95%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CARR Yearly Revenue VS EstimatesCARR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CARR Yearly EPS VS EstimatesCARR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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2

4. CARR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 21.03, which indicates a rather expensive current valuation of CARR.
  • CARR's Price/Earnings ratio is in line with the industry average.
  • CARR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.89, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 19.05 indicates a rather expensive valuation of CARR.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CARR.
  • When comparing the Price/Forward Earnings ratio of CARR to the average of the S&P500 Index (22.19), we can say CARR is valued inline with the index average.
Industry RankSector Rank
PE 21.03
Fwd PE 19.05
CARR Price Earnings VS Forward Price EarningsCARR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • CARR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CARR is more expensive than 61.90% of the companies in the same industry.
  • CARR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.62
EV/EBITDA 16.12
CARR Per share dataCARR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CARR does not grow enough to justify the current Price/Earnings ratio.
  • CARR's earnings are expected to grow with 13.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.02
PEG (5Y)2.28
EPS Next 2Y12.13%
EPS Next 3Y13.57%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. CARR Dividend Analysis

5.1 Amount

  • CARR has a Yearly Dividend Yield of 1.76%.
  • CARR's Dividend Yield is rather good when compared to the industry average which is at 0.77. CARR pays more dividend than 85.71% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, CARR has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.76%

5.2 History

  • CARR has been paying a dividend for over 5 years, so it has already some track record.
  • CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
CARR Yearly Dividends per shareCARR Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 52.02% of the earnings are spent on dividend by CARR. This is a bit on the high side, but may be sustainable.
DP52.02%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
CARR Yearly Income VS Free CF VS DividendCARR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CARR Dividend Payout.CARR Dividend Payout, showing the Payout Ratio.CARR Dividend Payout.PayoutRetained Earnings

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CARR Fundamentals: All Metrics, Ratios and Statistics

CARRIER GLOBAL CORP

NYSE:CARR (3/27/2026, 8:04:15 PM)

Premarket: 54.75 +0.5 (+0.92%)

54.25

-0.42 (-0.77%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners86%
Inst Owner Change-3.91%
Ins Owners6.16%
Ins Owner Change10.19%
Market Cap45.32B
Revenue(TTM)21.75B
Net Income(TTM)1.48B
Analysts78.06
Price Target73.69 (35.83%)
Short Float %2.58%
Short Ratio2.69
Dividend
Industry RankSector Rank
Dividend Yield 1.76%
Yearly Dividend0.9
Dividend Growth(5Y)N/A
DP52.02%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.47%
Min EPS beat(2)-10.37%
Max EPS beat(2)15.31%
EPS beat(4)2
Avg EPS beat(4)3.43%
Min EPS beat(4)-10.37%
Max EPS beat(4)15.31%
EPS beat(8)5
Avg EPS beat(8)4.01%
EPS beat(12)9
Avg EPS beat(12)4.17%
EPS beat(16)12
Avg EPS beat(16)4.81%
Revenue beat(2)0
Avg Revenue beat(2)-3.44%
Min Revenue beat(2)-5.05%
Max Revenue beat(2)-1.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.46%
Min Revenue beat(4)-5.05%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4.11%
Revenue beat(12)2
Avg Revenue beat(12)-3.21%
Revenue beat(16)3
Avg Revenue beat(16)-2.61%
PT rev (1m)0.28%
PT rev (3m)0.36%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-10.57%
EPS NY rev (1m)-4.21%
EPS NY rev (3m)-6.21%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-2.92%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-3.55%
Valuation
Industry RankSector Rank
PE 21.03
Fwd PE 19.05
P/S 2.08
P/FCF 21.62
P/OCF 18.22
P/B 3.28
P/tB N/A
EV/EBITDA 16.12
EPS(TTM)2.58
EY4.76%
EPS(NY)2.85
Fwd EY5.25%
FCF(TTM)2.51
FCFY4.62%
OCF(TTM)2.98
OCFY5.49%
SpS26.03
BVpS16.52
TBVpS-9.6
PEG (NY)2.02
PEG (5Y)2.28
Graham Number30.97
Profitability
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROCE 7.24%
ROIC 5.06%
ROICexc 5.34%
ROICexgc 22.75%
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
FCFM 9.64%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
ROICexc(3y)7.22%
ROICexc(5y)10.08%
ROICexgc(3y)26.77%
ROICexgc(5y)32.8%
ROCE(3y)7.94%
ROCE(5y)11.6%
ROICexgc growth 3Y-26.73%
ROICexgc growth 5Y-0.37%
ROICexc growth 3Y-33.6%
ROICexc growth 5Y-7.35%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
F-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Debt/EBITDA 3.29
Cap/Depr 30.77%
Cap/Sales 1.8%
Interest Coverage 5.16
Cash Conversion 72.12%
Profit Quality 141.24%
Current Ratio 1.2
Quick Ratio 0.85
Altman-Z 2.45
F-Score4
WACC9.59%
ROIC/WACC0.53
Cap/Depr(3y)54.1%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.96%
Profit Quality(3y)100.42%
Profit Quality(5y)90.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
EPS Next Y10.4%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
EPS Next 5Y15.99%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%
Revenue Next Year0.33%
Revenue Next 2Y2.78%
Revenue Next 3Y3.68%
Revenue Next 5Y6.95%
EBIT growth 1Y-13.55%
EBIT growth 3Y-20.37%
EBIT growth 5Y2.91%
EBIT Next Year26.16%
EBIT Next 3Y15.42%
EBIT Next 5YN/A
FCF growth 1Y475.82%
FCF growth 3Y14.67%
FCF growth 5Y8.72%
OCF growth 1Y181.77%
OCF growth 3Y12.59%
OCF growth 5Y8.02%

CARRIER GLOBAL CORP / CARR Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 3 / 10 to CARR.


Can you provide the valuation status for CARRIER GLOBAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.


How profitable is CARRIER GLOBAL CORP (CARR) stock?

CARRIER GLOBAL CORP (CARR) has a profitability rating of 3 / 10.


What is the financial health of CARRIER GLOBAL CORP (CARR) stock?

The financial health rating of CARRIER GLOBAL CORP (CARR) is 3 / 10.


How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?

The dividend rating of CARRIER GLOBAL CORP (CARR) is 4 / 10 and the dividend payout ratio is 52.02%.